Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 22,400 shares, a decrease of 34.1% from the November 30th total of 34,000 shares. Based on an average daily volume of 116,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC raised its position in shares of Eaton Vance Municipal Income Trust by 997.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock worth $80,000 after purchasing an additional 6,630 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in Eaton Vance Municipal Income Trust during the 3rd quarter valued at about $110,000. HighTower Advisors LLC purchased a new position in Eaton Vance Municipal Income Trust in the third quarter worth about $231,000. Sanctuary Advisors LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the second quarter worth approximately $299,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter valued at approximately $328,000.

Eaton Vance Municipal Income Trust Trading Down 0.1 %

EVN stock opened at $10.01 on Friday. The firm has a 50 day moving average price of $10.45 and a 200-day moving average price of $10.60. Eaton Vance Municipal Income Trust has a 52-week low of $9.68 and a 52-week high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.0513 per share. The ex-dividend date of this dividend was Thursday, December 12th.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.